Washington (June 17, 2002) -- The Securities and Exchange Commission will vote this week on its proposal to create a new oversight board for the accounting profession, chairman Harvey Pitt said.

In a speech for the New York Financial Writers Association, Pitt said the SEC is willing to scrap its plan if Congress adopts accounting reforms, but if no legislation gets passed this session, the SEC will ensure new oversight of accountants "before the end of this calendar year."

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